Refinance Mortgage Times - Mortgage Refinancing Loan

WELCOME TO REFINANCE MORTGAGE TIMES

Refinance Mortgage Times is a premier site for information on mortgage refinancing. Our objective is to help you save money on mortgages and provide financial flexibility. To prepare yourself for shopping for your refinancing mortgage options, click on our pages now to view our useful articles.

Reasons To Refinance Your Mortgage

When you do a mortgage refinance, it means you are taking out a new mortgage loan to replace your current one. There are various reasons why homeowners decide to go through this process. The main ones are the following: Get a lower interest rate, change the type of mortgage loan, increase your home equity at a quicker rate, take out equity from the home for various reasons (debt consolidation, home renovations) and the credit rating has improved; a new mortgage loan can be taken out at a more favorable term.

Latest Mortgage Refinancing News

	Today	+/-	Last Week
30 Yr Fixed Mtg	5.90%		6.03%
15 Yr Fixed Mtg	5.31%		5.41%
5/1 ARM	4.88%		4.94%
30 Yr Jumbo	6.08%		6.19%
5/1 Jumbo ARM	5.09%		5.12%
5/1 ARM (Interest Only)	5.05%		5.08%

Refinance Mortgage Times Outlook

The economy is getting stronger. Jobs are being created, manufacturing activity is higher and prices for commodities are high. Will this mean that the Federal Reserve Board will start hiking interest rates at the coming June 29, 30 meeting to head off inflation? Even with high oil prices, it probably won’t be enough to prevent the Feds from pushing rates up from its 40 year lows. Thirty year mortgage rates are expected to top up between 6.75% to 7.00% for this year.

1. Where rates are now

Weekly survey: Mortgage rates holding steady -- Fixed rates remain flat, while adjustable rates move higher again.
PLUS: Average rates and points in top 10 markets

2. Where rates are going

Our panel of experts tells you what to expect rates to do.

3. Rates offered in your city

What's today's mortgage rate in your area?

4. Following mortgage trends

Keep up-to-date on all things affecting mortgages -- from rates to real estate and the economy -- with this daily blog from mortgage writer Holden Lewis.

5. Crunch the numbers

Our customized calculators will guide your loan choices by crunching the numbers from your budget. 15 vs. 30 years, Should you pay points?, Fixed vs. adjustable?

Confused about home equity? -- Many homeowners don't understand home equity loan products. They're not as complicated or as costly as most people believe.

Warning signs of a bad home loan -- Borrowers in a hurry to lock in a low rate sometimes fall prey to unscrupulous lenders. Be alert to the signals that your deal might be suspect.

Guaranteed closing costs gain ground -- To get an edge on the competition, some lenders are bundling everything from credit reports to title insurance.

Reasons to refi? Let us count the ways -- Fewer people are refinancing now that rates have risen, but there are reasons to jump on the refi bandwagon before it vanishes.

Improving your home's value -- The author of "101 Cost-Effective Ways to Increase the Value of Your Home" shares his advice.

MORTGAGE REFINANCE POINTERS | REASONS TO REFINANCE YOUR MORTGAGE
STEP BY STEP MORTGAGE REFINANCING GUIDE | DEBT CONSOLIDATION TIPS | HOME EQUITY LOAN ADVICE